Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up

GURPS

INGSOC
PREMO Member
According to PunditFact, the United States has the highest corporate tax rate among nations in the Organization for Economic Co-operation and Development (OECD) at 39.1%, a staggering 15% above the median. The outlet notes, however, that with deductions such as "health insurance, pensions, and investment returns," the tax rate actually paid by U.S. corporations, known as the "effective tax rate," stands at 27.9% as of 2014, the "second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured."

Congressional Budget Office (CBO) calculations differ, placing the "effective tax rate" for corporations in the United States even lower at 18.6%. Three other nations rank higher — Argentina (22.6%), Japan (21.7%), and the U.K. (18.7%).

While measurements vary due to the complexities of our tax system — and many companies game the system with loopholes and subsidies — in terms of pure tax rates, the United States still ranks near the top of the corporate tax chart by nearly all calculations.



WATCH: Sen. Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up
 

This_person

Well-Known Member
According to PunditFact, the United States has the highest corporate tax rate among nations in the Organization for Economic Co-operation and Development (OECD) at 39.1%, a staggering 15% above the median. The outlet notes, however, that with deductions such as "health insurance, pensions, and investment returns," the tax rate actually paid by U.S. corporations, known as the "effective tax rate," stands at 27.9% as of 2014, the "second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured."

Congressional Budget Office (CBO) calculations differ, placing the "effective tax rate" for corporations in the United States even lower at 18.6%. Three other nations rank higher — Argentina (22.6%), Japan (21.7%), and the U.K. (18.7%).

While measurements vary due to the complexities of our tax system — and many companies game the system with loopholes and subsidies — in terms of pure tax rates, the United States still ranks near the top of the corporate tax chart by nearly all calculations.



WATCH: Sen. Sanders Says That If Democrats Take Control, Corporate Taxes ‘Absolutely’ Going Up

So, was this a topic that was in doubt, or in question? That's like saying, "if it rains, the exposed roads will get wet."


I do not understand the need to tax corporations at all. It's not like they take it out of profit. It's not like it is an incentive for lower profits. It is merely a cost passed on to consumers - one that is very well hidden and hurts large numbers of people. Since there are far more poor and middle class than rich, it hurts them more. Why do the Dems hate the poor and middle class?!?
 
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